Sunset Strip > Trading Day Wrap From Blue Ocean 20170522

Mathan Somasundaram

Deep Data Analytics

Local market jumped up on the global optimism and then faded slightly through the day. The best performers were Energy, Metals & Mining and Gold while Health Care, Staples and Retail were the worst performers. Since the start of Q2, we have had every trading Monday as a positive day and weekly performance has positive every alternative week > we’ve had another positive Monday today…time will tell if the week remains positive on a macro light week. Global markets remain uncertain on US economy…(1) White House issues are only going to worsen as more Comey/FBI/Russia mess gets out (2) Syria and North Korea have been missing in recent rhetoric while North Korea ran another missile test on the weekend (3) US flip-flopping on Saudi Arabia and Iran will continue unsettle the area…can’t imagine all of this is going to help the president get his policies through the layers of government.

 

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Founder & CEO
Deep Data Analytics

Over 25 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and...

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